Company culture is terrible - Anonymous employee PENNYMAC Employee Review

2.0
Mar 11, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

1. The company has a great cafeteria at the corporate headquarters in Moorpark. Seriously, that's the best thing about the company. 2. The company now has several sites, so if Moorpark isn't doable, one of the other locations might work for you. 3. Prior to working at PennyMac, I worked at Bank of America in the same position. PennyMac paid about 30% more than the bank.

Cons

PennyMac's company culture is terrible. Employee morale is generally awful. If you're fortunate enough to have a good manager, that helps. But overall, people aren't happy to be working there. There is no such thing as work-life balance. Perhaps senior managers enjoy work-life balance, but even that is doubtful.

Explore other reviews about PENNYMAC

5.0
Feb 23, 2026
Anonymous contractor
Recommend
CEO approval
Business outlook

Pros

good opportunity and meeting good people

Cons

nothing is there to say

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PENNYMAC Response
3mo
Thank you for taking the time to provide your honest feedback about your experience with our company. We are delighted to hear that you enjoyed working with us in your capacity and appreciated the friendly work surroundings. Indeed, we believe that a positive work/life culture is a crucial aspect of any successful business, and we are glad that you recognized our efforts in this regard. Thank you for being a part of our team and we look forward to continuing our positive working relationship with you.
2.0
Jun 17, 2026
Recommend
CEO approval
Business outlook

Pros

Training was always provided and you were never rushed to learn. Snacks were given on a daily basis. You had a Penny Pantry in the building that offered free coffee/Soda and a variety of food selections at a resonable price.

Cons

Low paying position at $22.00 an hour to start with no increases. The department couldnt find other Loan Specialist for the longest time and then increased the position to $27.oo an hour in an effort to attract more people. Four of the employees that were already there for a few years in the department were allowed to work remotely on Thursdays and Fridays, every new Employee had to work on site. Bonus was paid a month and a week after the quarter, so March's bonus was given to you on May 7! Human Resources lied and was extremely unprofessional, when challenged they offered no response or made up false information. My recommendation after being rehired and resigned, is to run in the opposite direction, and dont look back.

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